Pidilite Industries has released its Investor Presentation focusing on Building Bonds through consistent and profitable growth. The presentation highlights Pidilite’s journey, portfolio evolution, performance, growth enablers, and future outlook. It showcases the company’s strategic approach to maintaining a strong market presence and creating value for stakeholders through innovation and expansion.
Our Journey: A Legacy of Building Power Brands
From its inception in 1959-93, marked by the commissioning of plants for Acron and Fevicol, Pidilite has become a household name. Fevicol quickly became the carpenters’ preferred choice. The company went public, valued at INR 60 Crs.
Between 1994-2004, Pidilite introduced Dr. Fixit and M-seal. The “Bus” ad won a Silver Lion at Cannes in 2002, and Pidilite reached the 1000 Cr mark. Roff, a brand of construction chemicals, was acquired.
From 2005-19, Pidilite expanded internationally, incorporating Pidilite Middle East Ltd. in Dubai and acquiring Nina Construction. Bharat Puri became MD in 2015. Joint ventures and acquisitions, including Jowat and Litokol, further strengthened Pidilite’s portfolio.
Between 2020-21, despite pandemic-related lockdowns, Pidilite invested in digital platforms and acquired a stake in Tenax India Stone Products and Araldite’s consumer business in the Indian Sub-Continent.
From 2021-23, investments in startups like Buildnext and Kaarwan complemented capacity building efforts exceeding Rs. 500+ Cr. Sudhanshu Vats was appointed Deputy MD.
Between 2023-25, Pidilite launched Haisha Paints and formed technology partnerships, investing over Rs. 200+ Cr in capacity building. Sudhanshu Vats became MD, and Kavinder Singh was appointed Joint MD.
Portfolio Approach to Sustained Growth
Pidilite categorizes its brands into Core, Growth, and Pioneer. Core brands are established with high market maturity, contributing 1-2X GDP growth. Growth categories have significant market growth potential, targeting 2-4X GDP growth. Pioneer categories are nascent but offer huge market creation opportunities, aiming for 100 Crores in revenue within 3 years.
Financial Performance
Pidilite’s consistent performance over the last 10 years has resulted in a market capitalization of 1,44,929 crores as of March 31, 2025, a 5X increase over 10 years. Net sales have grown at a CAGR of 11% and EBITDA at 15%.
Growth Enablers
Key growth drivers include distribution expansion, marketing excellence, supply chain scaling, digital ecosystems, people and culture, and sustainability.
International Expansion
The company maintains consistent double-digit growth across various emerging geographies including Algeria, Egypt, India, and Mozambique.
Sustainability Initiatives
Pidilite is focused on environment, social responsibility, and governance with quantifiable targets. It aims for 57% reduction in water use intensity to 70% by FY30. The company targets 70% renewable energy mix by FY30 and an 80% reduction in GHG emissions intensity.
Looking Ahead
Pidilite recognizes a changing world characterized by India’s growth story, geopolitical uncertainty, and the emergence of digital and AI technologies. The company emphasizes the long-term importance of sustainability.
Our Vision
To create a High-performance, Innovative, Indian Multi-national where it is a pleasure to work.
Source: BSE
